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ED Raids 20 Locations in Keralam Across Three Cooperative Society Fraud Cases
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News18•07-10-2026, 10:00
ED Raids 20 Locations in Keralam Across Three Cooperative Society Fraud Cases
- •The Enforcement Directorate conducted searches at 20 premises across Thrissur, Ernakulam, and Kozhikode districts in Keralam regarding three cooperative society fraud cases.
- •The raids followed money laundering cases filed against Urban Co-Operative Society, Thennela Service Co-operative Society, and Kuttanellur Co-op Bank.
- •Urban Co-Operative Society is accused of issuing fake loans involving an estimated proceed of crime of Rs 55 crore.
- •Thennela Service Co-operative Society faces allegations of cheating members by promising higher interest and issuing fake loans, with a crime proceed of Rs 10 crore.
- •Kuttanellur Co-op Bank is probed for unauthorized transfer of mortgaged properties involving approximately Rs 27 crore.
Key Questions Answered
The Enforcement Directorate conducted searches across Thrissur, Ernakulam, and Kozhikode districts in Keralam as part of investigations into three cooperative society fraud cases.
The proceeds of crime involved in the Urban Co-Operative Society case are estimated at approximately Rs 55 crore.
The office bearers of Kuttanellur Co-op Bank allegedly cheated bank members and depositors by transferring mortgaged properties without securing the consent of the owners.
